Do you know the disappointment of finding out that someone isn’t as trustworthy as they presented themselves initially? That hurts in personal relationships, but most people don’t realize that it’s a factor in the financial world as well. You can tell a lender that you have stable employment, pay your bills and are trustworthy for a loan, but they need something to back up your word. That’s when they check your credit report and let your history speak on your behalf.
Read MoreYou have a credit dispute letter to write. What is a credit dispute letter? It is your friend. This short letter can set your account right again quickly and recoup those lost points. Learn everything about it here.
Read MoreYou may have heard the terms credit score and credit report. You may know that your credit score impacts getting a mortgage, a new car, and even insurance for that car. Have you ever been denied a credit card or a personal loan? Did you ever find out why? Do you really understand why your credit score impacts those items?
It all starts with a credit report that lists your entire credit history and ends with a three-digit number. To make matters worse, it may seem confusing when you learn there are different credit bureaus that all report a little differently. Keep reading to find out more information about all of the credit bureaus, including the fourth one of which you rarely hear.
Read MoreAlmost everyone at some point in their lives needs to borrow money. Very few of us buy homes with cash, and most of us finance our vehicles as well. Credit cards are a reality of modern life, as are department store cards of various sorts (with all of their brand-specific perks), medical cards (which allow you to pay out your expenses over time when dealing with participating institutions), and online transactions which rely on the good faith of both parties. You don’t have to master credit report basics to recognize that your credit score and full credit report substantially impact each of these events for better or worse.
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